Petrojam Offers to Buy Three Fuel Cargoes

Posted by Eric HaunAugust 4, 2014

Jamaica's refining company Petrojam has launched tenders to buy two 140,000-205,000 barrel cargoes combining gasoline, jet fuel and high-sulfur diesel and a 150,000 barrel cargo of fuel oil, all of them to be received on August 20-29 at Kingston, according to documents seen by Reuters on Monday.

Petrojam produces most of fuels demanded by Jamaica's domestic market at its 35,000 barrel per day Kingston refinery shared with Venezuela's state-run PDVSA, but it also buys finished products and feedstock on the open market.

The first cargo should arrive on August 20-22 containing 50,000 barrels of 84-octane gasoline, 50,000 barrels of 88-octane gasoline and 40,000 barrels of jet fuel.

The second cargo, scheduled to be unloaded on August 27-29, should include 50,000 barrels of 84-octane gasoline, 30,000 barrels of 88-octane gasoline, 35,000 barrels of jet fuel and 90,000 barrels of high-sulfur diesel (HSD).

The last one, only containing fuel oil IFO380, will be unloaded on August 25-29 at the same port.

The company will receive bids until August 7 for the combined cargoes and until August 11 for the fuel oil cargo. Prices must be indexed to unleaded gasoline 87, jet 54, gasoil number 2 and heavy fuel oil from the U.S. Gulf Coast.

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